Recap My favourite pair giving us the easiest play for the week again. Pullback back to Y-0 and found support. Took off higher all the way to Y+3. Closed the week near week high and above Y+2.
Outlook Weekly upside target tagged. Challenging monthly resistance here. First test probably will result in at least a pullback down to Y+1. Difficult to tell now if it is all cable has in store to the upside.
I need to see how cable react to a move above B+1 to determine if sellers are waiting up there.
GBPUSD Dec 02 to Dec 06 Outlook
Lawrence’s Comment
My favourite pair giving us the easiest play for the week again. Pullback back to Y-0 and found support. Took off higher all the way to Y+3. Closed the week near week high and above Y+2.
Outlook
Weekly upside target tagged. Challenging monthly resistance here. First test probably will result in at least a pullback down to Y+1. Difficult to tell now if it is all cable has in store to the upside.
I need to see how cable react to a move above B+1 to determine if sellers are waiting up there.
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